Corporate strategy is rife with imitation, a keeping-up-with-the-Joneses mentality, writ large. Our research suggests that high-level organisational imitation can have more to do with personality than it does with rationality. Specifically, firms are more likely to emulate competitors led by charismatic CEOs and less likely to emulate competitors led by narcissists. This bias toward or against a chief executive’s […]
Business opportunities have become increasingly abundant, as prices continue to plummet for advanced technologies – from 3D printers, to electrical vehicle battery packs, and commercial drones – and essential digital services, such as the cloud and global bandwidth. While many companies are seeing these opportunities, most are unable to capture them fast enough.
There are two main reasons for this. […]
Perusal of the business news on any given day reveals corporate behaviour unbecoming a civil member of society. Whole Foods Market’s CEO John Mackey used an alias on Yahoo Finance’s bulletin board for seven years to post comments that maligned rival Wild Oats Markets while boosting perceptions of his own firm. Both Uber and Lyft claim the other secretly […]
In monastic organisations, silence has always been at the heart of collective life. In that context, being and acting together are silent endeavours. Monastic movements started with pure and absolute loneliness; monks or sisters would escape the world and live a secluded life in a cave or a desert. For some, this experience was fulfilling. For others, it turned […]
Cooperation is an essential aspect of life, from bacterial biofilms to social insects, and from friendships and workplace collaborations to environmental conservation, political participation, and international relations. Yet establishing cooperation in a competitive world suffers from two closely connected problems. For one, there is the risk for cooperators to be the “sucker”, i.e. one of the few people cooperating […]
An economy where the highest paid business leader pockets £265 million for one year’s work, while the number of working families in poverty rises to a 20-year high, is one that needs to address its income gaps.
Denise Coates, the chief executive of gambling group Bet365, has been paid £265 million in 2017 at a time when many of those in […]
Could a single tweet destroy your company? Just a few years ago, a question like that might have seemed absurd. But now that possibility is something that executives and investors around the world are increasingly thinking and worrying about. Perhaps the most prominent evidence of this trend arrived at the start of 2018, when BlackRock’s Larry Fink laid out […]
It is difficult to pick up a major business publication today without reading about how venture capital and venture capitalists develop unicorn ventures, privately held start-ups valued at over $1 billion. This publicity prompts entrepreneurs to ask how to get VC, rather than if they should even seek it, or when.
The reality is that very few get VC
Venture capitalists […]
In 1961, Daniel Ellsberg (who is perhaps best known for leaking the Pentagon Papers, a top-secret study of the United States’ involvement in the Vietnam war) considered a thought experiment involving two urns, each containing 100 balls. The first urn contained exactly 50 black balls and 50 red balls, while the second contained 100 black and red balls in […]
In recent years, the use of diversity networks in organisations has increased tremendously. Diversity networks, also referred to as ‘employee resource groups’ or ‘affinity networks’, are initiated to inform, support and advance employees with similar social identities. In many organisations, diversity networks are part of a larger diversity management agenda and an increasingly popular practice to promote equality, diversity […]
New roles are multiplying in organisations. Look around your own organisation and you can probably spot some of these new roles: Is there a data analytics manager? An inclusion manager? A sustainability manager? Organisations often struggle with how to best support new roles. New roles do not come with a blueprint, nor can they be copied from other organisations. […]
Entrepreneurs want to reduce uncertainty and shape environments to their advantage. To do so, they sometimes collaborate with government leaders to gain valuable information, resources, and favourable legislation.
Most prior research on this practice has treated government partners as monolithic entities, or focused only on elected officials who grant resources through policy efforts or contracts. But we were interested in […]
The Chinese economy has grown phenomenally over the past 40 years since it was opened to the outside world. In recent decades, the private sector in particular has been the engine of this growth, contributing to more than 60 per cent of China’s GDP (US$12,237.7 billion), extensive fixed-asset and outbound investment, 80 per cent of jobs, and 70 per […]
We know that time is important – after all, timing is everything! And time is money! If used skilfully, time and timing can be allies in strategising. But, surprisingly (or maybe not-so-surprisingly), getting time right is hard; it involves a complex balancing act. For example, if you push your strategy too much, you overwhelm your team, whereas if you do […]
We like to think that for our strategy work, we will have plenty of time and resources. Armed with both, out of the 10s or 100s of options we have on the table, we will pick the best one.
In this article, we will make the opposite argument. Not only do we not have much time or resources available to […]
In a previous post, we talked about how two major dimensions shape the type of strategy work we need to do: 1) the degree of people impact, i.e., how many people the task at hand affects and how much it affects them; and 2) the degree of uncertainty it faces and subsequently addresses.
With this post, we are going to […]
You are responsible for the success of your strategic initiatives. Your results will be measured and you will be judged. As long as we have success, we consider this to be perfectly fair. But let’s be honest: your results will depend to a large extent not only on what you do (or not do), but also on events and […]
Human resource management (HRM), both in practice and as taught in business schools, appears to display a gap between its soft person-focused rhetoric and the harsh realities of people management. While ‘good’ people management is likely to contribute to organisational performance, HRM has also been called out on occasion for promoting untested assumptions and fads, lacking a solid evidence […]